Critical illness cover, ensuring that your family can cope if you fall ill
The majority of people are already aware of life insurance and why it is important, but many of us overlook critical illness cover or simply haven’t heard of it before.
Death isn’t the only thing that can have a serious impact on your family, getting a critical illness can be just as difficult for your loved ones – and the last thing they should have to worry about is the loss of income when you can no longer work. This is where critical illness insurance comes in, as it will ensure that your spouse, dependants or other family members will receive a lump sum if you are diagnosed with a serious illness.
What level of cover do you need?
There are many factors to take into consideration when deciding which level of serious illness cover you are likely to need. Such factors include the things you have to pay for regularly (e.g. a mortgage), the number of people who depend on your income, and any existing health conditions you have which could deteriorate.
It is also important to look into the specific details of the insurance policy you are considering before you take it out, as different companies will cover different illnesses. Most insurance companies will cover you for conditions such as strokes, heart attacks and certain types of cancer, however each one is different, so you need to check before purchasing. If you have looked for critical illness cover yourself, and do not understand exactly what each one offers, it is wise to seek professional help to get the best cover for your money.
Why discuss your options with professionals?
Searching through comparison websites for the best critical illness insurance is a good place to start, but unless you have the time and patience to look through the specific details and terms and conditions for each one, you could end up with an insurance policy that isn’t right for you. By seeking professional advice from financial planners such as ourselves, you can ensure that you get the right cover based on your individual circumstances.
Looking for critical illness cover but don’t know where to start when it comes to searching through insurance companies? We can help! Our team are able to give you tailored advice using our vast knowledge and experience, ensuring that your family are not left struggling if you develop an illness. Give us a call on 01246 903053 to get started today.
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